Market ConditionsThe risk of a sharp slowdown in global growth has clearly risen, which is a concern for aluminum, commodities, and the Alcoa share price.
Operational ChallengesThere are strong and persistent headwinds such as the current tariff environment, falling aluminum and alumina prices, the restart of the high-cost San Ciprián smelter in Spain, and rising input costs.
Regulatory And Geopolitical RisksUncertainty amid abnormal volatility in alumina prices and the negative impact of new US tariff policy on aluminum.